Here we go. Anyone want to take a pass at explaining how these widespread tariffs are going to help control inflation? I work with a number of manufacturers with production plants in CA and MX and I can tell you that this is not good.
Also, look for you pharmaceuticals (along with a long list of other items) to spike in price.
🇨🇦 U.S. Imports from Canada
- Crude Oil & Petroleum Products – Largest import, crucial for U.S. energy supply
- Vehicles & Auto Parts – Canada is a major supplier for U.S. automakers
- Lumber & Wood Products – Essential for construction and furniture
- Machinery & Industrial Equipment – Includes turbines, engines, and heavy equipment
- Aluminum & Steel – Used in manufacturing, construction, and defense
- Natural Gas – Key for U.S. energy production
- Electrical Equipment – Power distribution components, transformers
- Pharmaceuticals & Medical Equipment – Includes vaccines, surgical tools
- Food & Agricultural Products – Wheat, canola, seafood, dairy products
- Aircraft & Aerospace Parts – Canada’s Bombardier is a major supplier
🇲🇽 U.S. Imports from Mexico
- Vehicles & Auto Parts – A critical supply chain for U.S. carmakers
- Computers & Electronics – Laptops, smartphones, semiconductors
- Machinery & Manufacturing Equipment – Includes industrial tools and robotics
- Medical Devices & Pharmaceuticals – Mexico is a key exporter of medical goods
- Agricultural Products – Avocados, tomatoes, berries, peppers, and tequila
- Oil & Petroleum Products – Fuel, refined oils
- Clothing & Textiles – Apparel, footwear, and fabric materials
- Appliances & Consumer Goods – Refrigerators, washing machines, and home goods
- Beer & Alcoholic Beverages – Mexico is the top supplier of beer to the U.S.
- Aerospace Components – Parts for planes and satellites
🇨🇳 U.S. Imports from China
- Electronics & Computers – Smartphones, laptops, semiconductors, networking equipment
- Machinery & Industrial Equipment – Manufacturing tools, robots, and heavy equipment
- Furniture & Home Goods – Sofas, tables, decorations
- Toys, Games & Sporting Equipment – The majority of U.S. toy imports come from China
- Clothing & Footwear – Shoes, apparel, and textiles
- Plastics & Rubber Products – Packaging, auto parts, medical supplies
- Pharmaceuticals & Medical Equipment – Generic drugs, masks, syringes
-Steel & Aluminum Products – Components for construction and manufacturing
- Auto Parts – Batteries, electronics, interior components
- Chemicals & Fertilizers – Essential for agriculture and industry